March 2, 2022 8:12 PM

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Coal Ministry receives 26 bids for auction of 11 Coal Mines for Sale of Coal

<span style="color: #222222;">Coal Ministry has received 26 bids for auction of eleven Coal Mines for Sale of Coal. Two or more bids have been received for five coal mines. <br />''<br />''The process of 4th tranche of auction of coal mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on 16th December last year. <br />''<br />''The last date of submission of Technical Bid was 28th of February. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened in New Delhi on Wednesday in the presence of the bidders. The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. Entire process was displayed on the screen for the bidders.<br />''<br />''The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and Technically Qualified Bidders would be shortlisted for participation in the electronic auction to be conducted on MSTC portal from 24th of March.</span><br />

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